12/16/2020
The increase in the AfDB's enforcement activity and its increasingly proactive approach to risk detection are indicative of similar trends with other multilateral banks (MDBs).
12/16/2020
The CBK delayed releasing the report and does not capture the impact of the Covid-19 economic fallout on the savings.
12/15/2020
Banks have been eager to price loans to different clients based on their risk profiles but this flexibility remains a mirage after the CBK stepped in as the de facto controller of cost of credit.
12/15/2020
The type of restrictions announced by the president “could curtail economic activity in specific sectors or industries to varying degrees,” the Reserve Bank said in an emailed response to questions.
12/14/2020
Banks say that the delayed shift to risk-based lending has forced many of them to deepen investment in government securities and restrict lending to high quality customers with lower risk of default.
12/14/2020
South Africa has taken a more hands off approach. Overseers have left it to the banks themselves to make the call.
12/11/2020
We have (now) embarked on a comprehensive review of our service offering to customers across all segments.
12/11/2020
Globally, the top five countries in terms of CBI enquiries were all emerging markets: India, South Africa, Bangladesh, Pakistan, and Nigeria.
12/11/2020
“To accelerate Africa’s development, we will continue joining investment hands across the globe” - Adesina
12/11/2020
The African Development Bank (AfDB) has obsessed about this by creating the Visa Openness Index to put some data behind what most Africans know: it’s incredibly difficult to move around their own continent.
12/11/2020
MyBroadband asked South Africa’s major banks for their view on Instant EFT services.
12/10/2020
In recent times, the Company has also successfully diversified into the Retail, Telecoms and Healthcare sectors. Capital Appreciation has a market capitalisation of R1.5 billion.
12/10/2020
Pursuant to changes brought to the Act by the Anti-Money Laundering and Combatting the Financing of Terrorism
12/10/2020
The EastAfrican has learnt that the regulator and the stakeholders have agreed to expand the eligibility of trustees of unit trust funds to non-banking trustees such as accountancy and law firms.
12/09/2020
Government does not determine where retirement funds invest. It is the board of trustees of a retirement fund that determines the investment policy for that retirement fund as part of their fiduciary duty to the fund and its members.
12/08/2020
According to Moody’s government bonds accounted for 37 percent of Kenyan banks assets last year and this sovereign exposure is likely to increase from these levels over the next 12 to 18 months.
12/08/2020
The pace of these disruptive forces and their attendant effects on the financial service system has been intense.
12/07/2020
In responding to the concerns raised by the Committee, Morapedi said the NDB Act dictates that audited financial statements should be submitted within six months of year-end which is the end of September every year.
12/07/2020
This is the latest plan to grow the mobile money platform beyond sending and receiving cash, tapping loans as well as paying for goods to include insurance and wealth management.
12/04/2020
Parastatals are part of the 10 largest borrowers and depositors in banks and pay huge insurance premiums.